As indicated by A, the Bollinger Bands expanded another 13%, with the FBMACE below the Bollinger Middle Band. Therefore, despite the rebound of the FBMACE, the bearish signal for the FBMACE remains intact, until the Bollinger Bands should begin to contract.

Support for the FBMACE is at 4180 WinChart Automatic Fibonacci Retracement, while the resistance is at 4296 WinChart Automatic Fibonacci Retracement, together with the Bollinger Middle Band and the 14, 21, 31 EMA serving as the dynamic resistance.

As circled at B, the Stochastic rebounded on Thursday, and tested the 30% level. This is an early signal suggesting that the FBMACE might be having its technical rebound. If the Stochastic should break above 30% level, it would be a signal suggesting a beginning of a technical rebound or a consolidation for the FBMACE.

As circled at C, the MACD histogram is still falling, thus the Rounding Top remains in sight. Therefore, this suggests that the FBMACE is still on a weakening movement, until the MACD histogram should form a Rounding Bottom.

In conclusion, the technical outlook for the FBMACE is still bearish biased, despite a chance of a technical rebound. Technically, any rebound below the Bollinger Middle Band or the 14, 21, 31 EMA would only considered as technical rebound, not a reversal signal.

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